Digital
In today’s demanding economic climate, it is crucial for decision-makers to understand the financial status of their organisations in a timely, comprehensive way. The traditional accounting steps of reporting, analysing and acting are outdated. Today, Digital Accountant shortens this process, and creates a significant competitive advantage.
Ways of working and client expectations have changed. Today people want digital access to information – anytime and anywhere. This helps to explain the growing success in the market of cloud solutions. By working with integrated tools on high-speed IT infrastructures, businesses are able to make faster and better decisions. CEOs not only seek to become more efficient, they are also looking to generate more value across the entire organisation. For Lotto Sports Organisation, an SME that manages the Lotto Soudal cycling team, the digital platform of Deloitte Accountancy combined with the expertise of digital accountants has proven to be a valuable operational management tool. “We have a very strict budget of about €15 million,” explains CFO Gregory Maes. “But this could easily get out of control because some costs vary from year to year. For instance, when our cyclists perform well and we need to pay extra bonuses. Or when there’s an opportunity to attract a new team member and we need to negotiate. Thanks to Deloitte’s Digital Accountant we now have a reliable and comprehensive overview of our financial situation, on a day-to-day basis. Our accounting has become much more than just compliance reporting at the end of every quarter.”
“Thanks to Deloitte’s Digital Accountant we now have a reliable and comprehensive overview of our financial situation, on a day-to-day basis.”
Gregory Maes, CFO, Lotto Sports Organisation
Digital: the new accounting standard
In today’s mobile organisations both the CEO and the accountant require an online platform that is structured intuitively, providing an up-to-date and reliable helicopter view of the firm’s financial situation at any time. Financial details need to be displayed clearly and visually to give CEOs and accountants dynamic insights into how the business is performing, so that decisions can be made proactively where necessary. By digitising paperwork (while keeping the original paper documents available), administration becomes ultra-efficient. With all the accounting documents uploaded to a secure platform, everything is at hand whenever and wherever it is needed, and is easily located thanks to a powerful search engine. Gregory Maes remarks: “For us the anytime, anywhere availability of the system is very important. The team coach needs to be able to access our key financial information, and documents such as contracts, securely via any device, even on a smartphone when he’s at a cycling event. This digital information system helps him to make the right decisions, for example on whether to do an extra cycling tour abroad or not.”
The power of the Digital Accountant
Through a state-of-the-art digital platform and high quality processes and competencies, Digital Accountant can accurately process accounts in full, on time and inspection-ready in line with current legislation. This approach ensures financial reports of the highest quality, customised according to the most relevant criteria and timing. Because continuity is so vital, a guaranteed level of service is essential, with the necessary support team always standing by, including specialists to handle specific enquiries. Digital Accountant combines a unique mix of technology, specialists and expertise. The possibilities of the Digital Accountant platform are multiplied when integrated with other on-line applications, for example to support sales processes, invoicing or project management. This offers opportunities to increase the efficiency and expand management control.
 
For the Lotto Soudal cycling team, an advanced feature of Digital Accountant is the way it supports reporting to the UCI, the world governing body for sports cycling, which issues team licences. “The period when we file for our new licence, every September, is very stressful,” admits Gregory. “To get a licence we need to provide a lot of financial information. The digital platform helps us deliver all the necessary data and documents required by the UCI in a timely manner. And thus the process becomes much more efficient.”
Analyse the past, understand the future
The Digital Accountant approach adds indirect value by taking on the administrative burden. Ultimately, it enables clients to focus completely on their core business, adding direct value. Reliable past and present financial data can be filtered, analysed and run through business strategy, producing incisive insights that enable an organisation to work in a future-oriented way. Management can thus make faster and better decisions about where to steer the business. Flexibility, reliability and continuity are guarantees of the digital accounting solution. Rather than being a one-size-fits-all service, clients can choose from a range of subscription packages. For instance, users might prefer to do their day-to-day financial administration themselves or they could hand over more responsibility for financial and tax administration activities to experts working through the platform.
The digital transformation for the accountant
Thanks to years of experience working closely with family businesses and international companies, Deloitte Accountancy has a deep understanding of the challenges businesses face. As a national market leader it has combined broad knowledge with Deloitte’s leading-edge technological capacities to develop a unique digital accounting solution. The Digital Accountant platform maximises the potential of digital. By having all data centralised on a secure platform accompanied by powerful new tools, Digital Accountant allows businesses to professionalise their financial administration. Moreover, it can help transform accounting into a forward-looking, value-adding function of the business.
Digital Accountant is always looking forward
What is Digital Accountant?
The Digital Accountant platform maximises the potential of digital and allows family businesses to professionalise their financial administration. Moreover, it can help transform accounting into a forward-looking, value-adding function of the business.
Nikolaas Tahon, Managing Partner Accountancy, Deloitte Belgium
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Digital Accountant is a digital platform shared by Deloitte Accountancy and its clients that facilitates efficient interaction between the client and Deloitte considerably. Accessible everywhere, at all times, and securely, Digital Accountant gives a company’s decision-makers a clear view of the company’s performance.
Digital Accountant
Digital Accountant
Digital Accountant is a digital platform shared by Deloitte Accountancy and its clients that facilitates efficient interaction between the client and Deloitte considerably. Accessible everywhere, at all times, and securely, Digital Accountant gives a company’s decision-makers a clear view of the company’s performance.
Digital Accountant
Digital Accountant is a digital platform shared by Deloitte Accountancy and its clients that facilitates efficient interaction between the client and Deloitte considerably. Accessible everywhere, at all times, and securely, Digital Accountant gives a company’s decision-makers a clear view of the company’s performance.
Digital Accountant
Digital Accountant is a digital platform shared by Deloitte Accountancy and its clients that facilitates efficient interaction between the client and Deloitte considerably. Accessible everywhere, at all times, and securely, Digital Accountant gives a company’s decision-makers a clear view of the company’s performance.